In what way does my ID and proof of funds have anything to do with my conveyancing in Templecombe? Is this really warranted?
It is indeed that case that these requests have nothing to do with conveyancing in Templecombe. Nowadays you will not be able to proceed with any conveyancing transaction without first handing over evidence of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Please note that if you are providing your driving licence as proof of identification it must be both the paper section and photo card part, one is not acceptable without the other.
Proof of the source of money is required under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancer will need to have this information on record. Your Templecombe conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask further questions regarding the origin of monies.
My husband and I are hoping to buy a 2 bedroom flat in Templecombe with a homeloan from Skipton Building Society.We use our Templecombe conveyancing lawyer but Skipton Building Society says his firm is not listed on their "panel". It seems we have little choice but to instruct a Skipton Building Society panel solicitor or keep our high street solicitor and fork out for a Skipton Building Society panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Skipton Building Society use our lawyer?
No, not really. The loan issued to you is subject to its various provisions, one of which will be that conveyancers must be on the Skipton Building Society approved list. in the past, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Skipton Building Society
I am purchasing my first flat in Templecombe with a mortgage from Britannia. The builders would not move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not disclose to my conveyancer about the side-deal as it could adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the guidance of my in-laws I had a survey completed on a property in Templecombe in advance of retaining lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some banks will not issue a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Templecombe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Templecombe to see if the conveyancing will be more expensive.
How does the Landlord & Tenant Act 1954 impact my business offices in Templecombe and how can you help?
The 1954 Act provides protection to commercial leaseholders, giving them the right to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Templecombe is one of the numerous locations in which our lawyers have offices
I have recently had an offer accepted on an apartment in Templecombe and the mortgage adviser that we are dealing with recommended his conveyancer. They quoted £900 including VAT and 3rd party costs. Does this sound steep?
Don't just go on one quote. You should seek like-for-like quotes for your conveyancing in Templecombe. Then choose one that you are comfortable with and crucially, is on the approved list of the bank that you have applied for a mortgage from.